29 October 2026International edition
Vol. I · No.
29 October 2026
AI IN FASHION
DAILY
The daily briefing on AI in the fashion business
Where fashion meets artificial intelligence.
Jewellery and watches

Foundrae

United States

Foundrae is a New York fine jewellery brand founded in 2015 by Beth and Murat Bugdaycay. It makes modern heirloom jewellery such as medallions, pendants, clasps and chains.

Facts
Founded2015
FoundersBeth and Murat Bugdaycay
HeadquartersNew York City
FlagshipNew York, opened 2018
Websitefoundrae.com
Segment
Luxury
Categories
Jewellery
Sales channels
Own storesWholesaleE-commerce

What is Foundrae?

Foundrae is a luxury jewellery and lifestyle brand based in New York City. It was founded in 2015 by jewellery designer Beth Bugdaycay and her husband Murat Bugdaycay. The name combines the word "Found" with "Rae", the name of Beth Bugdaycay's grandmother.

History

The brand debuted with a trunk show at Barneys New York in September 2015 and launched officially at retail for spring summer 2016. In April 2018 Foundrae opened its flagship store in New York City. In January 2018 Town & Country named Beth Bugdaycay Breakthrough of the Year at its annual jewellery awards.

Products and positioning

Foundrae focuses on jewellery conceived as modern heirlooms. Early designs centred on:

  • Clasps
  • Pendants and medallions
  • Chains

In 2019 the brand created the Freedom of Expression medallion with writer Chimamanda Ngozi Adichie, with proceeds going to PEN America.

Why it matters

Foundrae is part of a generation of American fine jewellery brands built around meaning and storytelling, combining a direct relationship with clients through its own store with a presence at luxury retailers.

Frequently asked questions

Who founded Foundrae?

Foundrae was founded in 2015 by jewellery designer Beth Bugdaycay and her husband Murat Bugdaycay.

What does the name Foundrae mean?

It combines the word "Found" with "Rae", the name of Beth Bugdaycay's grandmother.

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